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Financial Services - Banks - Regional - NASDAQ - US
$ 28.81
-0.311 %
$ 125 M
Market Cap
10.14
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one FNWD stock under the worst case scenario is HIDDEN Compared to the current market price of 28.8 USD, Finward Bancorp is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one FNWD stock under the base case scenario is HIDDEN Compared to the current market price of 28.8 USD, Finward Bancorp is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one FNWD stock under the best case scenario is HIDDEN Compared to the current market price of 28.8 USD, Finward Bancorp is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart FNWD

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$33.0$33.0$32.0$32.0$31.0$31.0$30.0$30.0$29.0$29.0$28.0$28.0$27.0$27.0$26.0$26.015 Oct15 OctNov '24Nov '2415 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '25
FINANCIALS
71.1 M REVENUE
8.87%
22.5 M OPERATING INCOME
47.88%
12.1 M NET INCOME
44.75%
9.8 M OPERATING CASH FLOW
-55.30%
42.8 M INVESTING CASH FLOW
147.35%
-68 M FINANCING CASH FLOW
-439.00%
16.9 M REVENUE
13.75%
4.97 M OPERATING INCOME
138.37%
2.1 M NET INCOME
246.86%
10.8 M OPERATING CASH FLOW
390.07%
-183 K INVESTING CASH FLOW
-32.22%
-11.7 M FINANCING CASH FLOW
-39.11%
Balance Sheet Finward Bancorp
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Current Assets 70.6 M
Cash & Short-Term Investments 70.6 M
Receivables 7.72 M
Other Current Assets -7.72 M
Non-Current Assets 1.99 B
Long-Term Investments 0
PP&E 47.3 M
Other Non-Current Assets 1.94 B
3.43 %94.28 %Total Assets$2.1b
Current Liabilities 40.9 M
Accounts Payable 0
Short-Term Debt 0
Other Current Liabilities 40.9 M
Non-Current Liabilities 1.87 B
Long-Term Debt 0
Other Non-Current Liabilities 1.87 B
97.86 %Total Liabilities$1.9b
EFFICIENCY
Earnings Waterfall Finward Bancorp
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Revenue 71.1 M
Cost Of Revenue -503 K
Gross Profit 71.6 M
Operating Expenses 49.1 M
Operating Income 22.5 M
Other Expenses 10.4 M
Net Income 12.1 M
80m80m70m70m60m60m50m50m40m40m30m30m20m20m10m10m0071m503k72m(49m)22m(10m)12mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
100.71% GROSS MARGIN
100.71%
31.63% OPERATING MARGIN
31.63%
17.06% NET MARGIN
17.06%
8.01% ROE
8.01%
0.59% ROA
0.59%
1.00% ROIC
1.00%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Finward Bancorp
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25m25m20m20m15m15m10m10m5m5m0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 12.1 M
Depreciation & Amortization 7.29 M
Capital Expenditures 0
Stock-Based Compensation 565 K
Change in Working Capital 0
Others -10.8 M
Free Cash Flow 6.73 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Finward Bancorp
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FNWD has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.43% DIVIDEND YIELD
0.12 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
1.401.401.201.201.001.000.800.800.600.600.400.400.200.200.000.000.250.270.280.290.30.310.310.310.310.120.120.270.280.290.30.310.310.310.310.310.120.270.280.290.30.310.310.310.310.310.120.271.060.281.110.291.150.31.190.311.230.311.240.311.240.311.240.121.050.360.122015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 8
6. Ownership
Insider Ownership Finward Bancorp
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
21 K USD 2
9-12 MONTHS
0 USD 0
Bought
255 K USD 5
0-3 MONTHS
26.5 K USD 4
3-6 MONTHS
5.55 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
3 Small-Cap Financial Services Stocks to Buy Amid Tariff Uncertainty As Trump tariffs create uncertainty and result in huge market volatility, small-cap financial services stocks - MFIN, OFS & FNWD - are worth investing in. zacks.com - 1 month ago
Finward Bancorp Announces Earnings for the Quarter and Twelve Months Ended December 31, 2024 MUNSTER, Ind., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp”), the holding company for Peoples Bank (the “Bank”), today announced that net income available to common stockholders was $12.1 million, or $2.84 per diluted share, for the twelve months ended December 31, 2024, as compared to $8.4 million, or $1.96 per diluted share, for the corresponding prior year period. For the three months ended December 31, 2024, the Bancorp's net income totaled $2.1 million, or $0.49 per diluted share, as compared to $606 thousand, or $0.14 per diluted share, for the three months ended September 30, 2024, and as compared to $1.5 million, or $0.35 per diluted share, for the three months ended December 31, 2023. Selected performance metrics are as follows for the periods presented: globenewswire.com - 2 months ago
Finward Bancorp Announces Fourth Quarter Dividend Munster, Ind., Dec. 20, 2024 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp” or “Finward”), the holding company for Peoples Bank (the “Bank”), today announced that on December 20, 2024 the Board of Directors of Finward declared a dividend of $0.12 per share on Finward's common stock payable on February 3, 2025 to shareholders of record at the close of business on January 21, 2025. globenewswire.com - 3 months ago
Finward Bancorp Announces Earnings for the Quarter and Nine Months Ended September 30, 2024 MUNSTER, Ind., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp”), the holding company for Peoples Bank (the “Bank”), today announced that net income available to common stockholders was $10.0 million, or $2.35 per diluted share, for the nine months ended September 30, 2024, as compared to $6.9 million, or $1.60 per diluted share, for the corresponding prior year period. For the quarter ended September 30, 2024, the Bancorp's net income totaled $606 thousand, or $0.14 per diluted share, as compared to $143 thousand, or $0.03 per diluted share, for the three months ended June 30, 2024, and as compared to $2.2 million, or $0.51 per diluted share, for the three months ended September 30, 2023. Selected performance metrics are as follows for the periods presented: globenewswire.com - 5 months ago
FINWARD BANCORP ANNOUNCES THIRD QUARTER DIVIDEND MUNSTER, Ind., Oct. 11, 2024 (GLOBE NEWSWIRE) --  – Finward Bancorp (Nasdaq: FNWD) (the “Bancorp” or “Finward”), the holding company for Peoples Bank (the “Bank”), today announced that on September 20, 2024 the Board of Directors of Finward declared a dividend of $0.12 per share on Finward's common stock payable on October 31, 2024 to shareholders of record at the close of business on October 18, 2024. globenewswire.com - 6 months ago
Recent Price Trend in Finward Bancorp (FNWD) is Your Friend, Here's Why Finward Bancorp (FNWD) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen. zacks.com - 6 months ago
Finward Bancorp (FNWD) Is a Great Choice for 'Trend' Investors, Here's Why Finward Bancorp (FNWD) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen. zacks.com - 7 months ago
FINWARD BANCORP ANNOUNCES THE APPOINTMENT OF THREE NEW DIRECTORS MUNSTER, Ind., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp” or “Finward”), the holding company for Peoples Bank, an Indiana state-chartered commercial bank (the “Bank”), today announced that the Boards of the Bancorp and the Bank have appointed Martin P. Alwin, Jennifer R. Evans, and Carolyn M. Burke to serve as directors of the Bancorp and the Bank, effective as of September 9, 2024.   Mr. Alwin, Ms. Evans, and Ms. Burke each have a wealth of experience in the financial institutions industry, including in the areas of balance sheet management, enterprise risk management, legal and regulatory compliance, strategic initiatives, and finance. Mr. Alwin and Ms. Burke will serve on the Audit Committee of the Boards of the Bancorp and the Bank, and Ms. Evans will serve on the Risk Management and Compliance Committee. globenewswire.com - 7 months ago
Here's Why Momentum in Finward Bancorp (FNWD) Should Keep going If you are looking for stocks that are well positioned to maintain their recent uptrend, Finward Bancorp (FNWD) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen. zacks.com - 8 months ago
Correcting and Replacing – Finward Bancorp Announces Earnings for the Quarter Ended June 30, 2024 MUNSTER, Ind., July 30, 2024 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp”), the holding company for Peoples Bank (the “Bank”), today announced corrections to its press release issued on July 24, 2024.  Specifically, the following press release (i) corrects the “Performance Ratios” table set forth in the rear portion of the original press release to include line items for return on equity, return on assets, tax adjusted net interest margin, noninterest income / average assets, noninterest expense / average assets, and efficiency ratio which were inadvertently not included in the version of the original press release issued through the Bancorp's press release distribution service, and corrects the amounts disclosed in the line items in the table for basic earnings per share (from $0.03 to $2.21), diluted earnings per share ($0.03 to $2.21), and price to earnings per share ratio (from 730.40 to 5.54) under the column for the six months ended June 30, 2024 which were inadvertently included from a prior interim version of the press release; (ii) corrects calculations in the “Performance Ratios” and “Capital Adequacy Bank” tables for the line items common equity tier 1 capital to risk-weighted assets (from 11.23% to 10.94%), tier 1 capital to risk-weighted assets (from 11.23% to 10.94%), and total capital to risk-weighted assets (from 12.27% to 11.95%); (iii) corrects the “Balance Sheet” table set forth in the rear portion of the Original Earnings Release to include figures in the line item for Federal funds sold for the periods ended June 30, 2024, March 31, 2024, and December 31, 2023 which were inadvertently not included in the version of the original press release issued through the Bancorp's press release distribution service; and (iv) corrects the amount listed in the “Securities Portfolio” paragraph for securities yield for the three months ended (from 2.39% to 2.37%).  The complete, corrected press release reads as follows: globenewswire.com - 8 months ago
Finward Bancorp Announces Earnings for the Quarter and Six Months Ended June 30, 2024 MUNSTER, Ind., July 24, 2024 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp”), the holding company for Peoples Bank (the “Bank”), today announced that net income available to common stockholders was $9.4 million, or $2.21 per diluted share, for the six months ended June 30, 2024, as compared to $4.7 million, or $1.10 per diluted share, for the corresponding prior year period. For the quarter ended June 30, 2024, the Bancorp's net income totaled $143 thousand, or $0.03 per diluted share, as compared to $2.4 million, or $0.57 per diluted share, for the three months ended June 30, 2023. Selected performance metrics are as follows for the periods presented: globenewswire.com - 8 months ago
FINWARD BANCORP ANNOUNCES SECOND QUARTER DIVIDEND MUNSTER, Ind., June 26, 2024 (GLOBE NEWSWIRE) -- Finward Bancorp (Nasdaq: FNWD) (the “Bancorp” or “Finward”), the holding company for Peoples Bank (the “Bank”), today announced that on June 21, 2024 the Board of Directors of Finward declared a dividend of $0.12 per share on Finward's common stock payable on August 1, 2024 to shareholders of record at the close of business on July 19, 2024. globenewswire.com - 9 months ago
8. Profile Summary

Finward Bancorp FNWD

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COUNTRY US
INDUSTRY Banks - Regional
MARKET CAP $ 125 M
Dividend Yield 0.43%
Description Finward Bancorp operates as the holding company for Peoples Bank that provides various banking products and services. The company's deposit products include non-interest and interest bearing demand accounts, savings accounts, money market deposit accounts, certificate accounts, and retirement savings plans. Its loan products portfolio comprises residential mortgage loans that enable borrowers to purchase existing homes, refinance existing homes, or construct new homes; construction loans primarily to individuals and contractors; commercial real estate loans; consumer loans to individuals for personal, household, or family purposes; home equity line of credit; home improvement loans and equity loans; commercial business loans; government loans; and loans to municipalities. The company also offers estate and retirement planning services, guardianships, land trusts, profit sharing and 401(k) retirement plans, IRA and Keogh accounts, and investment agency accounts, as well as serves as the personal representative of estates, and acts as trustee for revocable and irrevocable trusts. In addition, it provides insurance and annuity investments to wealth management customers; holds real estate properties; and operates as a real estate investment trust. As of March 2, 2022, the company operated through 30 locations in Lake and Porter counties in Northwest Indiana and South Chicagoland. The company was formerly known as NorthWest Indiana Bancorp and changed its name to Finward Bancorp in May 2021. Finward Bancorp was incorporated in 1994 and is headquartered in Munster, Indiana.
Contact 9204 Columbia Avenue, Munster, IN, 46321 https://www.ibankpeoples.com
IPO Date May 20, 1998
Employees 276
Officers Mr. David J. Kwait J.D., M.B.A. Senior Vice President, General Counsel, Corporate Secretary & Chief Risk Officer Mr. John J. Diederich Executive Advisor